One of the country’s leading economists is ruling out a recession in Switzerland – unless there’s a disastrous energy crisis.
Jan-Egbert Sturm – head of the Swiss Economic Institute – says a slowdown and possible recessions in other large European countries will dampen growth here, but he doubts the Swiss economy will shrink.
Speaking to the Sonntagszeitung newspaper yesterday, he says the collection of issues currently facing the world is unique.
He says inflation will remain above 3% until the spring – but then should start to fall.
But he does warn against a wage-price spiral, but he says a happy medium will be found - as is usual in Switzerland, he says.
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